NETSTREIT Corp. (NTST) FY2025 10-K Annual Report
NETSTREIT Corp. (NTST) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 10, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
NETSTREIT Corp. FY2025 10-K Analysis
Business Overview
- • Core business: internally managed REIT owning diversified single-tenant commercial retail properties under long-term net leases
- • New emphasis on build-to-suit and reverse build-to-suit developments, including three properties under development without rent commenced
- • Strategic shift: blend-and-extend acquisitions for longer lease terms with short-term leases to lower basis properties
- • Portfolio growth: acquired 140 properties for $603M with WALT of 13.9 years; disposed 78 properties, net gain $7.7M
- • Capital raise: $137M net proceeds from 12.4M shares public offering, plus $550M in new senior unsecured term loans raised
Management Discussion & Analysis
- • Revenue from investments generated ABR $198.3M as of Dec 31, 2025; portfolio 99.9% occupied with 10.1 years WALT
- • Acquisitions: 140 properties purchased for $603.0M in 2025; dispositions: 78 properties sold for $169.1M with net gain $7.7M
- • Operating margin or profitability figures not explicitly stated in MD&A
- • Issued common stock raising net proceeds $137.0M (July 2025 offering) plus $51.6M through 2024 ATM program; $200M and $100M term loans funded in Sept 2025
- • Management expects remaining 3 developments to complete with rent commencement in 2026; maintaining investment grade rating reduces debt margins by 15-25 bps
Risk Factors
- • Cybersecurity risk with potential business interruption from breaches of company or third-party data systems
- • Key-person dependency on IT Manager, CFO, and Chief Accounting Officer for cybersecurity risk management and incident response
- • Board audit committee oversees cybersecurity risks with quarterly reporting on threats and mitigation processes
- • No specific regulatory/legal, geopolitical, supply chain, competitive, or financial risks detailed in this section
NETSTREIT Corp. FY2025 Key Financial MetricsXBRL
Revenue
$195M
▲ +19.8% YoY
Net Income
$7M
▲ +157.8% YoY
Net Margin
3.5%
▲ +1087bp YoY
ROE
0.5%
▲ +137bp YoY
Total Assets
$2.6B
▲ +15.7% YoY
EPS (Diluted)
$0.08
▲ +150.0% YoY
Operating Cash Flow
$110M
▲ +21.5% YoY
Source: XBRL data from NETSTREIT Corp. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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